Topic: Laws and Regulations of ICO's (Read 124 times)
I don't understand one thing. Digital assets want to fight government and financial system, but industry reacts on each news about ban and regulation. Where is logic?
There should be clear, transparent and unbreakable rules of the game
Because of sec lots of ICO writing that they not accept US citizens. Some exchanges doing the same.
Yes, the SEC Is always looking at them like if they were just "regular" companies, and it shouldn't be like this, but they are just protecting all their investors, so for me, i do not see any bad thing over this.
But yes, giving your info for KYC is just a shit.
But yes, giving your info for KYC is just a shit.
ICO's are copying what an IPO would normally do.
IPO's take several months to happen and they have to go through vigorous reporting and scrutiny.
The SEC watches new issues of securities very closely to monitor Fraud.
These ICO's have totally skipped over everything that is required for an IPO or a new securities issuance.
Little do these Alt Coins know that they will most likely fall under strict laws here in the near future.
For Example Bitconnect, https://thenextweb.com/hardfork/2018/01/11/bitconnect-served-yet-another-cease-desist-order/
They were ordered a cease and desist in several USA states.
I'm all for Crowdfunding, but when these companies turn out to be scams and everyone starts losing their money. The SEC will come down hard.
I'd like to hear your thoughts on the laws and regulations involving crowdfunding and ICO's
This is the reason why may countries doing such ban to cryptocurrencies,ICO founders mostly are just raising money and eventually will run away from the project,easy money ICOs surely need to be regulated for our own security.IPO's take several months to happen and they have to go through vigorous reporting and scrutiny.
The SEC watches new issues of securities very closely to monitor Fraud.
These ICO's have totally skipped over everything that is required for an IPO or a new securities issuance.
Little do these Alt Coins know that they will most likely fall under strict laws here in the near future.
For Example Bitconnect, https://thenextweb.com/hardfork/2018/01/11/bitconnect-served-yet-another-cease-desist-order/
They were ordered a cease and desist in several USA states.
I'm all for Crowdfunding, but when these companies turn out to be scams and everyone starts losing their money. The SEC will come down hard.
I'd like to hear your thoughts on the laws and regulations involving crowdfunding and ICO's
Actually i like that ico is regulated but the regulator is not only raising money from the project.
The regulator company should be independent so we can agree with their rules
This is the reason why may countries doing such ban to cryptocurrencies,ICO founders mostly are just raising money and eventually will run away from the project,easy money ICOs surely need to be regulated for our own security.
Currently, there's no strict regulations with ICOs here.
So it's up to the individual to do his own homework because it's only him that is accountable to his investments.
If a conclusion done and world rules can be provided then you can think about regulations, otherwise just country service providers are interested with laws
I definitely think that control is very necessary, a very large number of scammers just would not pass the test,and fewer people will suffer from it
an over-watch cannot be denied looking at the fraudulent and scams going around we need a firm laws and regulation,standards a whole new body or panel under the respective governments who can set laws and closely monitors the ico's just like ipo's . Cryptocurrency world is like a wild west no standards or rules everyone just want a place in trough but instead of finding a rational solution to the problems the governments are finding way to completely ban it.This attitude of governments is creating more problems than we already have we need strong laws and a whole board who can govern ico not ban it it is not the solution to the problems
The key difference here is that an IPO's & stock trading are only possible through centralized stock market exchanges while ICO's need not depend on them. Further countries/provinces like Switzerland, Singapore, Gibraltar, Cayman Islands have been very accommodative of ICO's & cryptos in general. Most companies these days are making use of such territories for doing their ICO's. So even if SEC decides to intervene, I'm not sure they would be able to stop teams moving out to these countries.
Laws and Government regulation is inevitable in ICO's this is due to it involves money and interest of the general public. Here in our country they start to create laws and regulation that will have certain impact either good or bad to crypto. Let's just prepare for!
I also like to have a regulation in terms of ICO because majority of ICO are just fraud, it needs regulation to separate rotten tomatoes to a good one. Fraud ICO also add negative image in cryptocurrency industry so we need to protect the integrity of this industry.
China banned ICO's and now it's warning against "initial miner offerings" because it suspects they are really ICO's in disguise.
https://www.coindesk.com/chinas-internet-finance-association-warns-initial-miner-offerings/
https://www.coindesk.com/chinas-internet-finance-association-warns-initial-miner-offerings/
Yes, I have a similar view with you. It is true that the current ICO looks more like it is just for the money, so it is normal to be regulated by various countries.
I think it will take a long time for regulations to be adopted till then lots will capitalize on this
This is the reason why may countries doing such ban to cryptocurrencies,ICO founders mostly are just raising money and eventually will run away from the project,easy money ICOs surely need to be regulated for our own security.
Currently, there's no strict regulations with ICOs here.
So it's up to the individual to do his own homework because it's only him that is accountable to his investments.
This may or may not be the next Dotcom bubble, but these ICO's are going to scam peoples money in the next year to two years
ICO's are copying what an IPO would normally do.
IPO's take several months to happen and they have to go through vigorous reporting and scrutiny.
The SEC watches new issues of securities very closely to monitor Fraud.
These ICO's have totally skipped over everything that is required for an IPO or a new securities issuance.
Little do these Alt Coins know that they will most likely fall under strict laws here in the near future.
For Example Bitconnect, https://thenextweb.com/hardfork/2018/01/11/bitconnect-served-yet-another-cease-desist-order/
They were ordered a cease and desist in several USA states.
I'm all for Crowdfunding, but when these companies turn out to be scams and everyone starts losing their money. The SEC will come down hard.
I'd like to hear your thoughts on the laws and regulations involving crowdfunding and ICO's
This is the reason why may countries doing such ban to cryptocurrencies,ICO founders mostly are just raising money and eventually will run away from the project,easy money ICOs surely need to be regulated for our own security. IPO's take several months to happen and they have to go through vigorous reporting and scrutiny.
The SEC watches new issues of securities very closely to monitor Fraud.
These ICO's have totally skipped over everything that is required for an IPO or a new securities issuance.
Little do these Alt Coins know that they will most likely fall under strict laws here in the near future.
For Example Bitconnect, https://thenextweb.com/hardfork/2018/01/11/bitconnect-served-yet-another-cease-desist-order/
They were ordered a cease and desist in several USA states.
I'm all for Crowdfunding, but when these companies turn out to be scams and everyone starts losing their money. The SEC will come down hard.
I'd like to hear your thoughts on the laws and regulations involving crowdfunding and ICO's
ICO's are copying what an IPO would normally do.
IPO's take several months to happen and they have to go through vigorous reporting and scrutiny.
The SEC watches new issues of securities very closely to monitor Fraud.
These ICO's have totally skipped over everything that is required for an IPO or a new securities issuance.
Little do these Alt Coins know that they will most likely fall under strict laws here in the near future.
For Example Bitconnect, https://thenextweb.com/hardfork/2018/01/11/bitconnect-served-yet-another-cease-desist-order/
They were ordered a cease and desist in several USA states.
I'm all for Crowdfunding, but when these companies turn out to be scams and everyone starts losing their money. The SEC will come down hard.
I'd like to hear your thoughts on the laws and regulations involving crowdfunding and ICO's
IPO's take several months to happen and they have to go through vigorous reporting and scrutiny.
The SEC watches new issues of securities very closely to monitor Fraud.
These ICO's have totally skipped over everything that is required for an IPO or a new securities issuance.
Little do these Alt Coins know that they will most likely fall under strict laws here in the near future.
For Example Bitconnect, https://thenextweb.com/hardfork/2018/01/11/bitconnect-served-yet-another-cease-desist-order/
They were ordered a cease and desist in several USA states.
I'm all for Crowdfunding, but when these companies turn out to be scams and everyone starts losing their money. The SEC will come down hard.
I'd like to hear your thoughts on the laws and regulations involving crowdfunding and ICO's
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